15minoffame
131 posts
msg #89883
- Ignore 15minoffame |
3/18/2010 11:18:21 PM
Does anyone here still have their Nostradamus crystal ball?
If universal health care is passed, will the market tank and start its way back to the abyss?
Will the PPT try stop the possible crash?
On the other hand, will the market just shrug it off and maintain its status quo?
What about healthcare stocks like UNH, HUM, etc?
I think I'm going play it safe & close out all my positions tomorrow.
15
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Venice
82 posts
msg #89953
- Ignore Venice
modified |
3/19/2010 4:25:09 PM
I have cleaned out my stocks due to unique profit taking opportunities presented today. I am in only one stock which is a biotech. Health care most certainly will affect this. :(
The piece I can't decide on, is which way it will go (regardless of if it passes or fails).
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15minoffame
131 posts
msg #90017
- Ignore 15minoffame |
3/20/2010 3:29:46 PM
Hi Venice,
I hope I'm wrong, but I don't have a good feeling about Monday. I guess time will tell.
15
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richo
74 posts
msg #90041
- Ignore richo |
3/21/2010 7:13:27 AM
Keep in mind the markets ANTICIPATE EVENTS- I am curious as to why you believe that it is a net negative?
Rich
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Venice
82 posts
msg #90083
- Ignore Venice |
3/22/2010 9:08:12 AM
I think the general consensus is that this health care plan could actually work as a 10 year stimulus plan for health care industries.
Start looking more towards what will end up paying for the health care plan for the tankers... finances, taxes etc.
Ugg.... 20 minutes till market open. I am nervous.
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Venice
82 posts
msg #90087
- Ignore Venice
modified |
3/22/2010 9:50:30 AM
Well, Biotech seems to be holding pretty well. GENZ was one that I sold on friday... currently up +.30. Doh! lol. She was consolidating in way to tight of a range on friday though (from 1:00 till end of day it didn't move much more then .02). Oh well, such is the life of trading. Coulda woulda shoulda didn't.
GNVC is my only left biotech right now. Trading in a pretty tight range (.78-.84)
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